Village Roadshow Receives a Proposal from BGH Capital

  • Jan 25, 2020 AEDT
  • Team Kalkine

Village Roadshow Limited (ASX: VRL) has received an unsolicited, non-binding indicative proposal from BGH Capital Pty Ltd to acquire 100% shares in VRL by way of a scheme of arrangement at $4 a share.

  • BGH has indicated it is willing to offer all cash consideration or a combination of cash and unlisted shares in a newly incorporated holding company;
  • The indicative price represents a premium of 25% to VRL’s closing share price of $3.20 on 18 December 2019.

The stock of VRL closed the day’s trading at $4.020 per share on 24 January 2020, up by 4.416% from its previous closing price.

 

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